Back in business

Posted by bakkenexpert

I have not written any articles in the past 3 weeks or so because there was simply nothing positive to write about and I was frankly sick of the gloom and doom.   I believe now with oil imploding to $70 a barrel we are really at a point where the downside is another $10-15 at MOST and we HAVE to be forming a base of some sort.   Our favorites plays WLL and CLR have been absolutely decimated and are at levels that most of us haven’t expected in our lifetimes.    At this point I am content to sink a few thousand in a basket of our favorite plays (NOG, BEXP, EOG, CLR, WLL, SM) and let it ride for the next 12 months.

bakken

Symbol	Last Trade		Change		Volume	Avg Vol (3m)
NOG	1:04PM ET	4.46	0.63	16.45%	206,748	411,215
WLL	1:05PM ET	41.46	4.62	12.54%	931,404	1,304,240
SM	1:05PM ET	24.02	1.72	7.71%	316,990	1,348,350
MDU	1:04PM ET	19.771	0.321	1.65%	875,003	1,330,770
GEOI	1:03PM ET	9.63	0.80	9.06%	68,487	136,280
BSIC.OB	12:44PM ET	0.80	0.13	13.98%	8,091	38,635.9
WSEG.OB	12:16PM ET	0.115	0.005	4.17%	114,148	727,261
CLR	1:05PM ET	26.20	3.28	14.31%	1,045,576	2,225,300
BEXP	1:05PM ET	7.00	0.57	8.86%	426,435	1,128,710
KDKN.OB	11:30AM ET	0.65	0.02	2.99%	11,495	95,348.4
KOG	1:04PM ET	1.15	0.20	21.05%	1,502,596	1,016,370
EOG	1:05PM ET	75.08	5.98	8.65%	3,276,782	4,797,270

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Tags: bakken base bottom CLR EOG gloom and doom wll